Sunday, June 20, 2010

luxurious times

The stunning productivity of the agriculture and manufacturing sectors-- the roots of post-industrialism-- should be cause for celebration. The ancient Greeks would have seen the current moment as a turning point in human history, where only a tiny fraction of the population's hours are needed to produce all the food, clothing, shelter and material goods people need to live comfortable. Surely, we were on the verge of a society devoted to a life of art, literature, and contemplation. Instead, Americans face economic anxiety and chronic insecurity about the future. Houses are going into foreclosure, food prices climb ever higher, and millions of families are one medical crisis away from bankruptcy. Why is there such a disjuncture between the economy's capacity to produce and the lived experience of Americans?

~ Gerard Davis, Managed by the Markets


Jonathan said...

Interesting question. What answer does Davis give?